# X Shore

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/x-shore

- Industry: Ship Building & Repair
- Headquarters: Stockholm, Sweden
- Website: www.xshore.com
- Total disclosed funding: $18M
- Latest round: Series A (Apr 8, 2021)
- Investors on record: 1

## About

Based in Stockholm, Sweden, and founded in 1996 by Konrad Bergstrom, X Shore AB operates as a climate-tech and electric boat company that manufacturers electric boats. In April 2022, X Shore AB raised EUR 50 million in venture funding led by an individual investor. As of April 2022, Jenny Keisu is the CEO of X Shore AB.  

X Shore provides Eelex 8000, an electric boat that produces minimal carbon footprint compared to fossil fuels, along with features, such as speeds of more than 30 knots, range of about 100 nautical miles, DC fast charging, navigate and manage controls, entertainment platform, and more.

The company generates revenue from the sale of its product through both online processes and purchases through its sales representatives and resellers.

X Shore plans to use its proceeds from April 2022 funding to expand its research and development and accelerate its production in its new facility.

## Funding rounds

- Series A, Apr 8, 2021, $18M — Team Europe

## Investors

- Team Europe (https://capitalatlas.ai/funds/team-europe) — Series A